26244 Tx-105 Montgomery, TX 77316
This exceptional investment opportunity presents a fee-simple ownership of a 9,026 square foot retail property located at 26244 TX-105, Montgomery, TX 77316. The property is currently leased to Dollar General under a triple-net (NNN) lease, absolving the owner of all landlord responsibilities. The lease commenced July 26, 2021, and has a remaining term of approximately 11.7 years, with three five-year renewal options. The asking price is $2,035,000, representing a compelling cap rate of 5.65% and a price per square foot of $225.46. The property boasts a strong net operating income (NOI) of $114,971. Built in 2021, this Class A retail space benefits from a corporate guarantee from Dollar General, a Fortune 500 company with a history of consistent growth and over 17,000 stores nationwide. The property's location within Montgomery County, Texas, offers significant advantages, including a high average household income exceeding $105,514 within a three-mile radius and a robust growth rate of over 37% within a five-mile radius over the past decade. Its proximity to Houston, a major metropolitan area, further enhances its investment potential. This is a rare opportunity to acquire a high-quality, net-leased retail property with a strong tenant and significant long-term growth prospects.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.